This week, Deep Insights speaks to Niels Wage, CEO of potash development company Danakali, which is under way with the development of the Colluli potash project, located in the Danakil Depression region of Eritrea, where first potash production is targeted for 2022.
Dual-listed potash developer Danakali’s Colluli Mining Share Company has appointed Aggreko as its preferred power supply contractor for its 12 MW heavy fuel oil power plant at the Colluli potash project in Eritrea.
Danakali is entering the final stage of the EPCM Phase 2 of project development at its Colluli potash project in Eritrea, with completion expected in June 2020.
"The FEED pricing reconfirmation is underway, and we are pleased to have identified several optimisation and cost saving opportunities." - Tony Harrington
Danakali CEO Niels Wage speaks about how the Colluli potash project will become a strategic future supplier of premium, high-value sulphate of potash.
ASX- and London-listed potash developer Danakali has commenced a number of work streams as part of the first phase of the engineering, procurement and construction management (EPCM) at its Colluli potash project in Eritrea.
ASX/LSE-listed Danakali has received the proceeds of the first tranche of its US$50 million strategic equity investment from Africa Finance Corporation.
Danakali has entered an agreement with Africa Finance Corporation for a placement of fully paid shares to raise US$50 million.